Bitstrade Hit With Cease and Desist - IS THIS GOOD OR BAD?
THE STORY:
New Jersey’s Attorney General says the online bitcoin investment platform, Bitstrade, has been fraudulently selling unregistered securities in the state. The New Jersey Bureau of Securities, a division of AG Gurbir S. Grewal’s office, has sent a cease-and-desist letter to Bitstrade, effective immediately, alleging that the company is in violation of the State’s Uniform Securities Law for pooling investments and promising returns of 10%, accruing daily. source ccn
WHAT ARE THE EFFECTS OF SUCH A STORY AND ACTIONS?
Obviously we will probably experience some type of FUD factor with this news and other stories like these.
However, let's be forward looking with some thought provoking questions.
VibeSteem is very interested in your deepest thoughts and feelings on this matter
IS THIS TYPE OF SCRUTINY A BAD THING OR GOOD THING?
WILL REGULATIONS HELP MAKE CRYPTOCURRENCY MORE ACCEPTABLE FOR AVERAGE INVESTOR?
SHOULD GOVERNMENT REGULATE CRYPTO?
SHOULD GOVERNMENT FEAR A TAKEOVER? CRYPTO OVER FIAT?
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